Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage.

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Insurance Risk Data breaches Artificial Intelligence 141

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

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Insurance Cyber Insurance Cybersecurity Government 126

Centraleyes

MAY 6, 2024

Every few decades, the world experiences a technological disruption that changes our lives. The insurance industry is no exception. The insurance industry is built on handling our own and everyone else’s risks. A good use case of this model would be the underwriting industry using a ChatGPT-like bot to process insurance claims.

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Insurance Artificial Intelligence Cyber Insurance Marketing 52

Dark Reading

NOVEMBER 16, 2023

Organizations are also looking at threat intelligence, risk assessment, cyber insurance, and third-party risk management.

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Cyber Insurance Technology Insurance Cybersecurity 93

CyberSecurity Insiders

DECEMBER 9, 2021

Lloyd’s of London Insurance, simply known as Lloyd’s Insurance, has released a media update that it will no longer cover losses that were incurred because of cyber wars among nations. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

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IT Security Guru

JUNE 28, 2022

The past decade has seen cybersecurity barge its way into the mainstream. A meteoric rise in attack rates during COVID-19 , major incidents such as the Colonial Pipeline attack, and an increasingly tense geopolitical landscape have all contributed to cybersecurity’s current position at the top of global news feeds. It didn’t take off.

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Cyber Insurance Insurance Small Business Marketing 130

BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls.

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Insurance Cybersecurity Cyber Insurance Cyber Risk 83

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. When Einstein was asked what a war will look like in the future, he couldn’t have predicted the importance of digital technology for modern societies. When security fails, cyber insurance can become crucial for ensuring continuity.

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Cyber Insurance Insurance Risk Technology 84

CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. All insurance companies exclude the risks inferred from war like situations.

Cyber Insurance 90

Cyber Insurance Insurance Cyber Attacks Risk 90

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage. Tue, 05/10/2022 - 05:43.

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Cyber Insurance Insurance Cyber Risk Authentication 77

CSO Magazine

FEBRUARY 21, 2023

By Microsoft Security No matter the industry or company size, businesses of all types must be vigilant when guarding against potential cybersecurity attacks. But enterprise cybersecurity is a team sport involving multiple players—encompassing everything from technology vendors to cyber insurance providers and cyber defense platforms.

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Cyber Insurance Insurance Cybersecurity Technology 70

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Cyber Insurance Insurance Cyber Attacks Ransomware 128

Dark Reading

SEPTEMBER 10, 2020

Whilst GDPR has put the spotlight on data privacy and cyber issues, there are other more prominent trends that are driving a greater take-up of cyber insurance, says Ben Maidment, Class Underwriter - Cyber, Physical & Technology at Brit Insurance.

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Insurance Cyber Insurance Data privacy Cybersecurity 103

SecureWorld News

MAY 29, 2024

In Q&A format, they share about their professional journeys, unique experiences, and hopes for the future of cybersecurity—along with some personal anecdotes. He has been in the information security and technology field for the past 20 years working in education, financial, telecommunication, healthcare, and insurance sectors.

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Cybersecurity CSO Telecommunications Technology 87

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

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Cyber Insurance Insurance Ransomware Marketing 136

CyberSecurity Insiders

DECEMBER 22, 2022

A ransomware hit Queensland University of Technology (QUT) in the early hours of today, crippling a portion of the institute’s network from the past 5 hours. Australia’s telecom networks (Optus) along with an insurance brand(Medibank) were hit by a ransomware attack recently and now an educational institute is ready to join the list.

Technology 97

Technology Ransomware Insurance Education 97

The Hacker News

APRIL 10, 2023

As technology advances, cyberattacks are becoming more sophisticated. With the increasing use of technology in our daily lives, cybercrime is on the rise, as evidenced by the fact that cyberattacks caused 92% of all data breaches in the first quarter of 2022.

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Cyber Insurance Insurance Cybersecurity Data breaches 91

NetSpi Executives

JANUARY 8, 2024

In case you missed it, Chubb, one of the leading publicly traded property and casualty insurance companies, announced an innovative collaboration with NetSPI to strengthen client cyber-risk profiles via enhanced attack surface management and penetration testing solutions. What is proactive security?

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Cyber Insurance Insurance Penetration Testing Cyber threats 64

CompTIA on Cybersecurity

JANUARY 6, 2022

Here's a look at their insights about cybersecurity, WFH, government regulations, consolidation, insurance and more. Leaders from CompTIA's communities and Industry Advisory Councils were asked for their tech industry predictions for 2022.

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Technology Cybersecurity Insurance Government 64

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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Cyber Insurance Insurance Marketing Cyber Risk 94

SecureWorld News

MAY 1, 2024

Department of the Treasury's Federal Insurance Office (FIO) announced a major new initiative this week to improve the insurance industry's capabilities around modeling and underwriting terrorism and catastrophic cyber risks.

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Cyber Risk Risk Insurance Cyber Insurance 90

SecureWorld News

JANUARY 7, 2024

The integration of Governance, Risk, and Compliance (GRC) strategies with emerging technologies like Artificial Intelligence and the Internet of Things are reshaping the corporate risk landscape. In recent years, these programs have become even more effective thanks to technology such as artificial intelligence.

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IoT Technology Artificial Intelligence Government 78

SC Magazine

MAY 19, 2021

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.

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Cyber Insurance Insurance Marketing Ransomware 102

CyberSecurity Insiders

SEPTEMBER 20, 2021

As technology advances, cybercriminals are finding more sophisticated means to attack businesses online. Besides reputational damage, cybersecurity attacks also lead to operational disruptions that lead to loss of revenue. Here are ways businesses can stay ahead of cybersecurity attacks. Cybersecurity training awareness.

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Cybersecurity Insurance Passwords Encryption 121

SecureWorld News

DECEMBER 7, 2022

As the world becomes increasingly reliant on technology, cybersecurity remains a top priority for individuals, businesses, and governments alike. People have been saying that the evolution of AI will be key for cybersecurity, and everything else, for years now. Cybersecurity skills shortage will continue.

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Cybersecurity Cyber Insurance Insurance Social Engineering 90

Dark Reading

MARCH 26, 2019

A group of insurers will base rates and terms on whether customers purchase technology that has earned a stamp of approval.

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Insurance Cybersecurity Technology 67

CyberSecurity Insiders

JANUARY 24, 2022

CINCINNATI–( BUSINESS WIRE )–Great American Insurance Group recently launched EagleEye? According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. We jumped at the opportunity to build a compelling solution for insureds.

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Cyber Risk Insurance Risk Cyber Insurance 52

Security Boulevard

NOVEMBER 28, 2022

Moving the Cybersecurity Goal Posts. Photo Credit — Interexy.com — Top Cybersecurity Trends To Monitor In 2022–2023. Are you Staying Ahead or Falling Behind the Cybersecurity Curve? Cybersecurity attacks in 2022 and 2023 will continue to affect organizations’ brands, bottom lines, and employees.

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Cybersecurity Digital transformation Technology Risk 100

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

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Small Business Cyber Insurance Insurance Cyber Risk 65

Security Boulevard

MARCH 3, 2023

This will always be a give-and-take between consumers and producers of software and both parties need to be cognizant of their security practices." Insight #3 " Cyber security insurance continues to evolve. The post Cybersecurity Insights with Contrast CISO David Lindner | 3/3 appeared first on Security Boulevard.

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CISO Cybersecurity Insurance Software 111

CyberSecurity Insiders

MAY 17, 2023

As a result, cybersecurity has become a top priority for businesses of all sizes. However, cybersecurity is not just about implementing security measures. Cybersecurity compliance refers to the process of ensuring that an organization’s cybersecurity measures meet relevant regulations and industry standards.

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CyberSecurity Insiders

OCTOBER 23, 2021

By tapping into the advanced capabilities of our IT scanning technology, we’re proud to share actionable data to increase awareness around the current state of cyber risk technology and help eliminate the impact of adverse events — especially as we approach the end of a pivotal year,” said Madhu Tadikonda, President of Corvus Insurance. “We

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Insurance Cyber Risk Technology Ransomware 59

Security Boulevard

AUGUST 22, 2022

Has ESG Become aWake-Up Call for Cybersecurity? Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. Access to global talent is still a challenge. Absolutely.

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Cybersecurity Cyber Insurance Insurance CISO 98

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. This article looks at cybersecurity risk management, how to establish a risk management system, and best practices for building resilience. What is Cybersecurity Risk Management?

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Risk Cybersecurity Encryption Technology 145

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

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Cyber Insurance Insurance Ransomware Cyber Attacks 55

Duo's Security Blog

JUNE 9, 2022

From these conversations, it is clear cyber liability insurance is steadily rising to the top of the agenda, due to the sheer amount and scale of cyber-attacks hitting firms. So, what is the chief contributor to this hard market from a cybersecurity and threat landscape perspective? So how do insurers get hold of that kind of insight?

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Insurance Marketing CISO Cyber Insurance 60

SecureWorld News

NOVEMBER 2, 2022

In Q&A format, they share about their professional journeys, unique experiences, and hopes for the future of cybersecurity—along with some personal anecdotes. He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyber risks through rigorous prioritization. Get to know Kip Boyle.

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Cybersecurity Cyber Insurance Insurance Cyber Risk 86